Saturday, July 25, 2015

Inflation is down by 0.3%

These are the Singapore inflation rates for 2015:
January: -0.4%
February: -0.3%
March: -0.3%
April: -0.5%
May: -0.4%
June: -0.3%

For the month of June, both Education & Food rose by 3.1% and 2% respectively year on year. Inflation has been quite stable compared to previous month but it is slowly ticking up as mentioned previously. The trend will continue, bearing any external shocks.

However, US is going to slowly raise their rates so we might be in a state where inflation is low, but interest rates are ticking up.

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